I became completely engrossed, devouring every resource available to me.

***the current median home price in my immediate target area is $1m + , I have been driving a good distance to show "affordable" homes in the 6-700k range , most of our decent condo's are $500k+ with a average $350permo hoa Sounds like you're on the right path. 

I have completed my first spec home sale, and it went extremely well.

We would NOT need to order a 1007 market rent report if we had either:1st months rent and security deposit2 months of rent deposits (canceled checks)If it’s a departing residence we could only use rental income to offset monthly payment (we couldn’t use extra income if 75% of the lease was 3,000 and mortgage was only $2,500 I couldn’t give $500 of income to boost DTI unless he has moved out of the home for some time and we have 1 year of history of being a landlord (which it sounds like we do, just not sure if he’s just moving out of this home).

. - unless the property is a complete gut job we pay for a home inspection during our due diligence- we only hire GC’s.  

I also passed on regular 1031 exchanges because you’re either transacting in an up market, where you often settle for lesser properties so you can complete your exchange, or you’re selling in a down market where your initial sale is compromised.

So I told the seller, I got a bad vibe from this, sounds like this lady is going to live to a hundred, and rent control laws, as well as laws protecting tenants over 62 here in NYC make it impossible to get rid of her.

This is an unexpected expense on top of a complete renovation plan for the winter.

Hi Asma, if you're in the Detroit area (sounds like you are), I'd attend the Detroit Renegades meetups.

Simply what it sounds like , just putting financing on a property just purchased with cash.